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A simpler consumption-based alternative to the income tax for socialist economies in transition (Английский)

The tax systems of socialist economies in transition will distort resource allocation, create inequities, and cause administrative headaches if not reformed. These countries have weak tax administrations, lack experience with mass taxes based on voluntary compliance, and need to encourage domestic saving and foreign investment. This article suggests an alternative to the conventional income tax that is more suited to these conditions. Attempting to...
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